20 years later, victims of Baptist Foundation of Arizona scheme still recovering
PHOENIX Its 5 a.m. and Anna Mezzapelle Cacace, 85, is getting ready for another day at work.
She sits up in faded powder-blue sheets and slides on her clear-framed prescription glasses before getting dressed, putting on a number of dainty gilded necklaces and rings that catch the light in small clusters of diamonds.
She eats alone at a kitchen table littered with yesterdays newspapers, then grabs her keys, packs up her Ford Fusion and heads to her job as a licensed insurance broker for UnitedHealthcare, selling Medicare and Medicaid supplementary benefits.
Cacace is still working at 85 because she cant afford to retire. In 1998, she and her husband, Joseph, invested more than $100,000 in a fund run by the Baptist Foundation of Arizona, lured by its promise of 6 percent returns and the backing from a highly respected religious institution.
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